Goodwill on amalgamation can rise only if ________Method is followed.

Name: Goodwill on amalgamation can rise only if ________Method is followed.
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Question

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Goodwill on amalgamation arises only if the Purchase Method is followed. This method involves acquiring another company by purchasing its net assets at their fair values, which often leads to recognizing goodwill if the purchase price exceeds the net identifiable assets acquired.

Goodwill on Amalgamation Can Rise Only If ________Method Is Followed